Standing declines. Airbus orders takeoff leaving boeing by 30 billion to zero. The ceo. Kathleen lets take a quick look at how the u. S. Stocks ended the session. Modest gains. Modest gains better than none at all as trade wars tensions swirl. Across the board for the dow jones industrial, s p 500 up fractionally. 22 points on the dow. Three points on the s p 500. It was the nasdaq that had the best performance, up 6 10 of 1 . It was based largely on the faang stocks. In particular, facebook saying it is getting ready to unveil a cryptocurrency. Investors like that. The s p futures are indicating positive ground to be taken. However not as much as i was an hour ago. As for treasuries, interesting Economic News showing more signs that a trade war is have an impact. Treasuries ended at 2. 09 on the 10 year. Close to the 2 yield. One from the National Association of homebuilders saying it looks like tariffs are weighing on the prices of building materials. We also saw a Manufacturing Inde
Hunt may be over as conquest says it is no longer in the running. We are on bitcoinwatch j two. Day two. This shows the volume and price action that we saw. 3818. Prices were quite volatile. Volume was highest right at the open. If in doubt as we headed toward u. S. Trading hours. That was further evidenced among bitcoin critics. Demand thate retail is fueling what we have seen. Guest, stephent roach joining us from Yale University. He is calling it a speculative bubble. It is just the first day. Things could get more normalized. Girl lets also betty lets show you the u. S. Market. Nasdaq, the dow, and the all in the green. This is a solid recovery. Investors were much more bullish on some of these sane stocks in tech shares. An unwind of this reversal that we saw a couple weeks ago. We are seeing a mixed session here so far. Were looking at new zealand and australia. The kiwi Still Holding onto solid gains. The Deputy Governor was named the next central bank chief. Seen as a less radi
Yesterdays vote to reject the u. S. Recognition of jerusalem as the israeli capital. Press reports that israel will leave unesco at the end of 2018. The u. S. Said it will drop the agency at that time. The worst appears to be over for a Massive Wildfire that plagued a wide section of the california coast for more than two weeks. Evacuationndatory orders have been called off. The fire drove 100,000 people from their homes in ventura county. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am jessica summers. This is bloomberg. Julie i am in for julia chatterley. Scarlet fu. M plunges taking the spotlight. Whatd youion is miss . Bitcoin plunges as much as 30 today. Christmas coming a few day earlier earlier for lawmakers. They will come back to a messy agenda. Rhee will tell us how he tabbed into the company ideals to bring them back from the brink of bankruptcy. Julie the u. S. Has a new federal tax code and it changes the Econ
Fed vice chair. Richard clarida is out of the running. Betty we are watching for the fed news. We continue to watch the gains in the equity markets. I want to pull up a chart that basically everyone can go home, right . What i mean by that is that already with the record rise we have seen in the s p, a lot of these yearend targets are already being blown out of hsbc, Morgan Stanley, bank of america. Already being reached. Everyone can go home, they have made their money, right . [laughter] yvonne i guess so. It was interesting in that it has been four days but it really feels like 40 days in how much we have gained in the last couple of days in 2018. Big question is will we see a revision higher from analyst or are things good as it is or are there for the risks ahead . Betty that might have been what hung over the markets today. Lets pull of the boards on where we end up for u. S. Trades. A mixed trade. The markets trying to eek out. The s p by 2 10 of 1 . The dow essentially falling
Some of the averages with the dow and s p are a little bit lower. The nasdaq is higher. Nxp semiconductors is pushing tech stocks a little higher today. I want to focus on some of the weighing downe some of the major averages. Im going to start with merck off almost 2 . Federal judge tossed out the verdict that merck had previously won. Merck is a little bit lower. Walmart and Procter Gamble are all. Off. Dragging down all of the staples including Procter Gamble. I want to take a step back and look at the broader macro picture by looking at the dollar. Were having the first threeday rally so far this year. Doesnt sound like much, but for a year that i see no weaker up threedayout 9 , so far this year isnt a terribly bad story. You would not expect the dollar to appreciate, but we have a lot about rates rising. Focusing on the treasury auction 6039. Es g btv the twoyear bond deal relative to the s p 500, pretty incredible going back to 2008. You are seeing that gilmore blended dividend